Indian River County Impact Fee Study Final Report - irccdd.com

Table III-9
Historical Capital Expenditures – Funding Sources (1)
Expansion/ Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Total - Six
Project Description
Replacement 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 Year History
(Budget)
General Fund
Jail Air Conditioning Replacement $9,600 $16,545 $26,145
Jail Plumbing Controls Replacement $13,020 $13,020
Jail Underground Tank Replacement Replacement $28,000 $28,000
Misc. Jail Equip. Replacement $10,845 $34,689 $45,534
Total General Fund $0 $50,620 $27,390 $34,689 $0 $112,699
Optional Sales Tax
IRC Jail Retrofit Phase I Replacement $252,225 $36,785 $289,010
IRC Jail Re-roof Phase I Replacement $9,445 $185,401 $194,846
IRC Jail Expansion - Land Purchase Expansion $3,500 $914,966 $90,259 $1,008,725
IRC Jail Expansion - Study Expansion $74,775 $74,775
IRC Jail Intercom Replacement $134,145 $134,145
IRC Jail Showers Replacement $58,966 $58,966
Jail Phase II & III Roofing Replacement $8,500 $8,500
Jail Air Conditioning Replacement $24,000 $24,000
Jail HVAC Improvements Replacement $24,000 $24,000
Jail Fire Sprinklers Replacement $60,000 $60,000
Jail Boiler Replacement $22,000 $22,000
Jail Flooring Replacement $16,000 $16,000
Jail Water Conditioner Replacement $21,500 $21,500
Jail Kitchen Boiler Replacement $22,458 $22,458
Total Optional Sales Tax $0 $0 $252,225 $49,730 $1,368,253 $288,717 $1,958,924
Total Correctional Facilities $0 $50,620 $279,615 $84,419 $1,368,253 $288,717 $2,071,623
Total Expansion $0 $0 $0 $3,500 $989,741 $90,259 $1,083,500
(1) Source: Office of Management and Budget, IRC
Credit Calculation
In calculating the credit component, capital expenditures for the past six years and
programmed projects over the next five years were evaluated. As presented in Table III-
10, capital expansion expenditures funded with non-impact fee revenues average $1.4
million per year or $12 of credit per functional resident. Over the past five years as well
as the next five years, the County did not use or budget any revenues from the general
fund toward jail facility capital expansion. Therefore, credit is given only for the local
option sales tax. In addition, it is the County’s intent to use impact fee revenues as the
primary funding source for future capital expansion needs of the correctional facilities
program and to maintain or reduce the average annual dollar amount shown in this report
toward capital expansion needs. In other words, the County intends to use non-impact
fee revenue sources as the primary funding source for capital replacement, operations and
maintenance expenses. As such, credit calculations for the optional sales tax do not
include an escalation factor.
Tindale-Oliver & Associates, Inc.
Indian River County
May 2005 III-10 Impact Fee Study